(696) Economist - ERD at South African Reserve Bank

Detailed description

The successful candidate will be responsible for the following key performance areas:

• Develop, enhance and implement economic models for macroeconomic forecasting and policy simulations in line with best practice, which includes using AI methods such as machine learning, natural language processing and big data processing that includes automation to improve efficiencies.
• Present the results of economic modelling and forecasting exercises and policy simulations and/or complex economic phenomena affecting monetary policy.
• Conduct econometric analyses using large and complex datasets to support economic policy decisions.
• Collaborate with cross-functional teams in the development of data-driven insights and predictive models.
• Keep abreast of current developments in AI, data science and econometric techniques, applying them to central bank policies and initiatives.
• Communicate findings through reports, research papers and presentations to policymakers and stakeholders.
• Contribute to the Monetary Policy Review.

Qualifications

To be considered for this position, candidates must be in possession of:

• A Master’s degree in Economics or an equivalent postgraduate qualification (a PhD would be an added advantage); and
• a minimum of five years’ work experience in a policy environment, financial institution, or an equivalent field of work.

Additional requirements include knowledge and skills in:

• model development and forecasting;
• programming, with proficiency in open-source software such as ‘R’ and Python, with exposure to EViews and Matlab;
• excellent written and verbal communication in English;
• economic policy research and analysis; 
• innovation and problem-solving;
• following and applying market and industry trends;
• strategic thinking;
• managing complexity and ambiguity;
• planning and organising;
• developing and mentoring/training others;